WOW !! MUCH LOVE ! SO WORLD PEACE !
Fond bitcoin pour l'amélioration du site: 1memzGeKS7CB3ECNkzSn2qHwxU6NZoJ8o
  Dogecoin (tips/pourboires): DCLoo9Dd4qECqpMLurdgGnaoqbftj16Nvp


Home | Publier un mémoire | Une page au hasard

 > 

The use of job costing as a tool for the pricing and cost control decisions in the printing industry: the case of Société de Presse et d'Editions (SOPECAM)


par Christian Kuiate Sobngwi
University of Buea - Bachelor of Science 2003
  

précédent sommaire suivant

5. Non-manufacturing overhead costs.

These are not product costs and as such should not be charged to the work in progress account. When incurred by the company in the process of manufacturing the products, they should be recorded as follows:

Dr non-factory overhead account...................******

Cr account payable............................*******

At the end of the period, these costs will be transferred to the profit and loss account, as they are period costs.

Dr profit and loss account.......................*****

Cr non-factory overhead account...*******

6. Jobs completed.

When a job is complete, the output is transferred from the factory to the finished goods stores. The cost of this job is transferred from the work in progress account to the finished goods account.

Dr finished goods account.............*****

Cr work in progress account...****

This transaction ends the first part of the work, as the cost of the goods manufactured is known. What is required is then to compute the cost of goods sold and the various profits to be derived from each job; this will require the use of particular costing techniques depending on the purpose of the computation of the profits and this will constitute the core of the next chapter.

précédent sommaire suivant